Share this with your friends
(253) 209-4200
Real Estate Company
2816 2818 Valencia Street, Bellingham, WA 98226
Listing Broker: RE/MAX Whatcom County, Inc.; Keith Cook; 360-739-5600; Keith@BuyerMax.com
- $593,750
- 2,216
- SqFt
- List Price
- $593,750
- Status
- ACTIVE
- MLS#
- 2598340
- Style
- 52 - Duplex
- Finished SqFt
- 2,216
- Area Total SqFt
- 2216
- Annual Tax Ammount
- 5793
- Lot Size (sq ft)
- 7,405
- Sewer
- Sewer Connected
Property Description
EXCEPTIONAL INVESTMENT OPPORTUNITY – PRICED BELOW RECENT $700,000 APPRAISAL! Outstanding value in a desirable Bellingham location with significant potential for increased rental income! A neighboring identical duplex is generating $4,200 per month, demonstrating the substantial upside potential as rents are adjusted to market levels. This well-maintained duplex features two spacious, two-story units, each offering 2 bedrooms, 1.5 baths, and approximately 1,108 sq ft. Both units include generous laundry/utility rooms with valuable bonus space, private decks and patios, and covered parking. Conveniently located near trails, Barkley Village, Regal Cinema, restaurants, shopping, and everyday amenities. An excellent opportunity to acquire an income-producing property below its recently appraised value, with strong potential for rental growth and long-term appreciation. The adjacent duplex at 2828/2830 Valencia St is also available, creating a rare opportunity to purchase two neighboring investment properties!
/u.realgeeks.media/homes77/logo-full.png){kind=logo}
Additional Information
- Community
- Roosevelt
- Net Operating Income
- $25,692
- Gross Adjusted Income
- $36,780
- Gross Scheduled Income
- $36,780
- Total Monthly Income
- $2,965
- Insurance Expenses
- $1,438
- Water/Sewer/Garbage Expenses
- $3,857
- Gross Rent Multiplier
- 16.14
- Total Expenses
- $11,088
- Cap Rate
- 4.33
- Total Number of Units
- 2
- Unit Name
- 2816 2818
- Potential Terms
- Cash, Conventional
- Year Built
- 1992
- Roof
- Composition
- Site Features
- Cable TV, Deck, High Speed Internet, Patio
- Energy Source
- Electric
- School District
- Bellingham
- Elementary School
- Sunnyland Elem
- Middle School
- Whatcom Mid
- High School
- Squalicum High
- Total Monthly Income
- $2,965
- Gross Scheduled Income
- $36,780
- Gross Adjusted Income
- $36,780
- Tax Year
- 2026
- Insurance Expense
- $1,438
- W/S/G Expenses
- $3,857
- Total Expenses
- $11,088
- Net Operating Income
- $25,692
- Gross Rent Multiplier
- 16.14
- Cap Rate
- 4.33
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.